MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
M RAJESH BVBA |
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Registered Office : |
Hoveniersstraat
30231, 2018 Antwerpen |
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Country : |
Belgium |
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Date of Incorporation : |
01/03/1994 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Wholesalers business in newspapers, books and magazines |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Name
M RAJESH BVBA
Hoveniersstraat 30231
2018 Antwerpen
Tel : +31 (O) 3-2327108
Founded
01/03/1994 as BVBA
Trade register
52301866
Capital nominal
EUR 18.600,--
Issued and paid up
EUR 18.600,--
Management
SHAILESH Kishorbhai
DETROJA Rajeshkumar R.
BHANSALI Samir
Activity
Wholesale business in newspapers, books and magazines.
Staff
No other employees
Real estate
The business premises at the mentioned address has been rented by the company, as far as we know.
Finances
See balance sheet
2005 Euro 56.936
2004 Euro 81.778
The shareholders equity was as of:
31/12/2005 Euro 131.028
31/12/2004 Euro 74.092
31/12/2003 Euro (7.686)
The working capital was as of:
31/12/2005 Euro 106.977
31/12/2004 Euro 66.208
31/12/2003 Euro (7.686)
Current partners were appointed on 18.12.2003;
Previous name:
Monistar BVBA
Previous address:
Lange Herentalsestraat 120, Antwerpen
These changes took effect on 18.12.2003.
Bankers : BANQUE DIAMANTAIRE ANVERSOISE
VAT-nr.
BE452095224
Mode of payment
No complaints have been registered
Credit demand
No direct objections against entering into a business relationship.
A maximum credit limit of EUR 6.000 is advised
The following financial data is retrieved from the corporate balance sheet of :
M-Rajesh Bvba
Hoveniersstraat 30231, 2018 ANTWERPEN
Trade register 52301866
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M-Rajesh Bvba ***
BALANCE SHEET ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Intangible assets 0 0
Tangible assets 7.884 24.051
Financial assets 0 0
Miscellaneous fixed
assets 0 0
Total fixed assets 7.884 24.051
Stock 223.314 450.348
Receivables 2.575.256 3.502.123
Shares 0 0
Liquid assets 86.448 5.664
Miscellaneous
current assets 0 0
Total current assets 2.885.018 3.958.135
Shareholders equity 74.092 131.028
Provisions 0 0
Long-term
liabilities 0 0
Current liabilities 2.818.810 3.851.158
Minority interests 0 0
Miscellaneous
liabilities 0 0
Total liabilities 2.892.902 3.982.186
M-Rajesh Bvba ***
PROFIT & LOSS ACCOUNT ***
Corporate in Euro(x 1) Euro(x 1)
---31-12-2004--- ------31-12-2005---
Turnover 0 0
Other income 0 0
Total expenses 2.898 5.871
Operating profit 168.919 145.291
Balance financial
P/L -62.141 -55.142
Net profit/loss 1] 106.778 90.149
Taxation 25.000 33.213
Share in P/L of
subsidiaries 0 0
Net profit/loss 2] 81.778 56.936
Balance
extraordinary P/L 0 0
Taxation 0 0
Extraordinary P/L
2] 0 0
Res. sub. companies
2] 0 0
Minority interests 0 0
Miscellaneous P/L 0 0
Net result 81.778 56.936
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Legend : 1] = Before tax
2] = After
tax
M-Rajesh Bvba *** FINANCIAL RATIOS ***
-----2004----- -----2005-----
EQUITY %
Equity gearing 2,6 3,3
Equity/outside
capital 2,6 3,4
LIQUIDITY
Current ratio 1 1
Acid test 0,9 0,9
RATES OF RETURN %
Total assets 3,7 2,3
Shareholders equity 144,1 68,8
Pre tax margin % 0 0
Turnover rate 0 0
(x 1) (x 1)
-------------------- --------------------
Working capital 66.208 106.977
Shareholders equity + Equalization acc. 74.092 131.028
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RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)